Marilla

Broking giant Aon has hired Teresa Gallant from Canopius to become the Chief Operating Officer for its Marilla Investment Management Ltd. entity that offers reinsurers and investors a route to access returns from a globally diversified book of reinsurance. It also appears some capital may have been raised for a Marilla private fund this year.

Insurance and reinsurance broking giant Aon will continue blurring the lines between broking and underwriting capital provider as it looks to replicate the success of initiatives such as its Client Treaty at Lloyd’s and the Marilla catastrophe reinsurance facility.

Insurance and reinsurance broker Aon has established Marilla Reinsurance Ltd. (Marilla Re), a new collateralized insurer class of company in Bermuda, which we understand is likely to support the new catastrophe reinsurance facility of the same name.